RWH052: Wise Guys w/ Ray Dalio, Bill Miller, Chris Davis & Michael Berg

[We Study Billionaires - The Investor’s Podcast]

In today’s special episode, William Green looks back at some of the most powerful lessons from the first 50 episodes of the podcast. He highlights four of his favorite interviews: with multibillionaire Ray Dalio, Berkshire Hathaway board member Chris Davis, investing legend Bill Miller, & author Michael Berg. Here, Dalio discusses how to overcome our weaknesses; Miller reveals the insights that made him a vast fortune on Bitcoin; Davis shares what he’s learned from Buffett & Munger; & Berg explains how to increase your enjoyment of money.



IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

06:37 - Why Ray Dalio believes success hinges on deep self-knowledge.

09:11 - How he’s dealt with his own weaknesses.

10:44 - What Elon Musk, Bill Gates, Reed Hastings & Ray Dalio have in common.

13:46 - How Ray’s most painful mistake changed his views on investing & life.

29:07 - What Chris learned from his mentors, Warren Buffett & Charlie Munger.

30:13 - Why it helps Chris Davis to view his life in three distinct 10,000-day blocks.

44:47 - What Bill Miller saw in Bitcoin that led him to make a vast fortune.

49:32 - Why Bill sees Bitcoin as insurance against financial catastrophe.

1:04:06 - What biases, beliefs & blind spots led Buffett & Munger to dismiss Bitcoin.

1:06:35 - How to enhance your enjoyment of money.



Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.



BOOKS AND RESOURCES

• William Green’s 2023 interview with Ray Dalio | YouTube Video.
• William Green’s 2022 interview with Ray Dalio | YouTube video.
• Check out Principles: Your Guided Journal by Ray Dalio.
• Read Principles: Life and Work by Ray Dalio.
• William Green’s interview with Chris Davis | YouTube Video.
• William Green’s interview with Michael Berg | YouTube Video.
• William Green’s interview with Pico Iyer | YouTube Video.
• William Green’s interview with Tsoknyi Rinpoche & Daniel Goleman | YouTube Video.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
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• Check out all the books mentioned and discussed in our podcast episodes here.
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